| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $131M | $138M | 5.5% | 0.6% |
| Op. Income | $16M | $28M | $20M | -42.7% | -18.0% |
| Gross Margin | 60.0% | 56.5% | 62.0% | 3.5pp | -2.0pp |
| Net Margin | 9.7% | 16.8% | 12.1% | -7.2pp | -2.4pp |
| EPS (Diluted) | $2.45 | $3.99 | $2.84 | -38.6% | -13.7% |
| Free Cash Flow | $60M | $53M | $58M | 14.7% | 4.8% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $83M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $50M |
| SG&A Expenses | $54M |
| Other Expenses | $13M |
| Operating Expenses | $67M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $16M |
| Interest Income | $122M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $2M |
| EBIT | $16M |
| EBITDA | $19M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $83M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $50M |
| SG&A Expenses | $54M |
| Other Expenses | $13M |
| Operating Expenses | $67M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $16M |
| Interest Income | $122M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $2M |
| EBIT | $16M |
| EBITDA | $19M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $449.3K |
| Deferred Income Tax | $263.9K |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$641.1K |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$685.6K |
| Acquisitions (Net) | -$161.6K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$106M |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | $55M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $52M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $99M |
| Goodwill | $7M |
| Intangible Assets | $8M |
| Long-Term Investments | $904M |
| Tax Assets | $32M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.1B |
| Account Payables | $41M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $560M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $635M |
| TOTAL LIABILITIES | $682M |
| Common Stock | $0 |
| Additional Paid-In Capital | $267M |
| Retained Earnings | $161M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $428M |
| Minority Interest | $0 |
| TOTAL EQUITY | $428M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $641M |
| Net Debt | $625M |
